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120 business leaders back UK's Labour in election
120 business leaders back UK's Labour in election
by  AFP

The UK's Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to oust the ruling Conservatives in the upcoming general election. Labour leader Keir Starmer and its finance spokesperson Rachel Reeves -- who is set to become finance minister if the party wins power -- have spent years wooing back business figures.

Shanghai lifts home-buying curbs to boost property sector
Shanghai lifts home-buying curbs to boost property sector
by  AFP

Shanghai has relaxed rules on buying property in the city, as local governments across China aim to ease an agonising real estate crisis that is dragging on the economy. This month, Beijing cut the minimum down payment rate for first-time homebuyers to its lowest level in history and suggested the government could buy up unused commercial real estate.

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